A form that requests and secures documentation of a mortgage applicants work history and or occupation, to assist in the lender's credit investigation.
Form which verifies an applicant's mortgage history with a financial institution, including the date of the mortgage, present balance, present payment, and history of late payments. The Verification of Loan and Verification of Rental History would garner similar information for personal loans and the applicant's landlord (if renting).
Document signed by the borrower’s mortgage company or other financial institution confirming account balance and history.
VOM) or Mortgage Verification - A form sent to a potential investor or lender that provides a loan summary which includes payments made and detailed loan statistics and information.
A document signed by the borrower's current lender verifying the history of payments on the current mortgage.
A form that requests and secures verification of payments made on an applicantâ€(tm)s current or past mortgage.
Form used in mortgage lending to verify the existing mortgage balance, monthly payments and late payments, if any.
Most mortgages are rated on the credit report. Some Lenders do not report to the credit bureaus. In case of the latter, the Lender will send a VOM to the existing Mortgagor requesting the payment history. Some cases may require 12 months canceled checks from the borrower to support the Mortgage history.
Written verification of borrower's mortgage history for a period of no less than 12 months.